Ann: Eclipse Launches Entitlement Offer to Raise Up To $1.14m, page-29

to give an idea what the impact of the ESG funds might have just a single fund might have $10B (USD) FUM, There might only be 2.5% into materials.

If say, and that's a big if EPM gets the EU CRMA Strategic Project Status and meet the inclusion criteria....

Even a 1% allocation (of the 2.5% holding which would be 0.025%) = $10B (USD) x 0.025% = $2.5M (USD)

It seem to be an easier path than say REMX which is requiring $1M USD daily turn over for 3x months two times.

Our AUD/USD is hopeless at the moment, so definitely will be impactful if we are invested by USD currency.
Our daily volume on traditional entry via REMX is difficult with out first getting to something like URA etc.


All this is mechanical; all hard to predicts and will be frustrating to watch - but if this EU CRMA - Strategic Project Status is what the describe it to be it should be a lot of mechanical and strategic purchases.

The 2nd round of EU CRMA application is probably end of this quarter also if not early next quarter - that gives time for the first batch of applicants and winner to enjoy some momentum. I think though the future rebalance from 2nd batch of winners will make things a bit volatile sometime in the 2026 CY.

By that time though - our 1B tonne exploration target - won't be a target anymore.